{"id":58405,"date":"2024-04-16T01:18:55","date_gmt":"2024-04-16T01:18:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58405"},"modified":"2024-04-16T01:18:55","modified_gmt":"2024-04-16T01:18:55","slug":"when-output-of-earlier-process-is-transferred-at-a-profit-to-the-subsequent-process-it-is-________","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/when-output-of-earlier-process-is-transferred-at-a-profit-to-the-subsequent-process-it-is-________\/","title":{"rendered":"When output of earlier process is transferred at a profit to the subsequent process, it is ________."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;inter departmental profit&#8221; option2=&#8221;abnormal gain&#8221; option3=&#8221;inter process profit&#8221; option4=&#8221;manufacturing profit&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. abnormal gain<\/strong><\/p>\n<p>An abnormal gain is a profit that is not expected to be repeated in the future. It is usually caused by one-time events, such as a change in the market or a favorable change in the cost of production.<\/p>\n<p>When output of an earlier process is transferred at a profit to the subsequent process, it is called an abnormal gain. This is because the profit is not expected to be repeated in the future. The reason for the profit could be a change in the market, a favorable change in the cost of production, or a combination of both.<\/p>\n<p>The other options are incorrect because they do not accurately describe the situation. Option A, interdepartmental profit, is not a specific type of profit. It is simply a profit that is made by one department of a company and then transferred to another department. Option C, interprocess profit, is also not a specific type of profit. It is simply a profit that is made by one process in a company and then transferred to another process. Option D, manufacturing profit, is the profit that is made by a company from its manufacturing activities. It is not the same as an abnormal gain.<\/p>\n<p>In conclusion, the correct answer is: <strong>B. abnormal gain<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;inter departmental profit&#8221; option2=&#8221;abnormal gain&#8221; option3=&#8221;inter process profit&#8221; option4=&#8221;manufacturing profit&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-58405","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When output of earlier process is transferred at a profit to the subsequent process, it is ________.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/when-output-of-earlier-process-is-transferred-at-a-profit-to-the-subsequent-process-it-is-________\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When output of earlier process is transferred at a profit to the subsequent process, it is ________.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;inter departmental profit&#8221; 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